8 Signs You're Doing Well Financially (Even If It Doesn't Feel Like It)

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How I Budget and Manage My Money as a Minimalist

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[milenasovic]

I am a super rich person! I am married and have a daughter. We have a roof over our heads and 3 healthy meals (homemade). I almost have no debt and my car is paid off.

[Soxandnicole]

Morning Nicole, Nicole here. Your video this morning made me realized how different our generations are. I'm 70 years old. In my life I made several mistakes financially in the name of enjoying my life. I quit my 15 years of corporate work life in order to backpack around the world. I made over 1, 000 skydives, I moved from Canada to the US (without a green card) in order to jump all year around in bigger airplanes. I did have a lot of fun and I am still able to enjoy a fairly comfortable retirement.
Watching your video today it hit me that I probably would not have had the freedom of doing all this in today's economy. Young people today must feel so financially insecure compared to my generation. We had so much room to mess it up and still come out of if just fine.
Take care of like your style.

[EastCoastEDC]

Great advice! Ive always been good with money but I can’t help feeling that the system is set up so that the average person working for a pay cheque will never get ahead financially. It seems that the average middle class worker will always struggle to keep their head above water

[mikieemiike]

My way of spending money is to always tell myself that I don't have it. What I currently have is off limits, except for necessities. So I tell myself if I want something that's not necessary I need to save up for it. If it's $1000 then I'll save at least $3000 before I spend $1000.

[morbidcorpse]

Holy shit. I got serious nostalgia looking at you. 😢😢 I miss the early 90s 😢😢😢. Your hairstyle reminds me of those times.

[HedvikaGrusova]

I just cancelled 3 subscriptions which ate my money monthly. It's feels like miracle as usually you have to pay the going out fee, the months you got left, but I was given special gift and all cancelled without any fees as good gesture. Sometimes people just need to ask and usually the companies making their millions, so they are quite understanding.

[lincmerc]

A retired Army coworker once gave me some great advice. Patience. Whatever your major purchase is, whether it be a repair or a purchase, do one thing at a time. Pay it off before doing another. And, build an emergency fund for the things that happen in between.

[katehorrell]

I live on a disability income of $1100 a month, I'm debt FREE. I drive an 18 yr old car, and I've been on another NO SPEND year that I started on July 1 2022. I have been "no spending" now for so long that it has become second nature to me, n I don't see that ending, it really is easier than think.

[marjamesquire]

I get bonuses at my main job. Bonuses for signing on clients, bonuses for good Google reviews, and money for mileage. Couldn’t be happier 😅. Beats working for myself and trying to find clients

[bettyeboop]

I have been feeling depressed because I just got fired from my job. But your video helped me to see I am doing good financially because I have over 6 months of expenses saved up and I am getting unemployment so I will be fine until I get another job. I need to budget better so I can save more money.

[bertalberta]

As somebody who dug myself out of the payday loan debt slavery fueled by addiction, I can now proudly say I am addiction free, debt free and have 6x the basic emergency saving amount. I can definitely say even having a small emergency fund is a HUGE load off the mind.

Even if you can only save $20 a payday, just start saving something. You'll thank yourself later.

[florencemiller]

I agree with you 💯 percent, most people live paycheck to paycheck and I don't know how they can keep their head above water everyone needs a rainy day fund

[famousatmidnight]

Greatest 'sleeper' YouTube channel out there... love it

[BARUCHIAN]

Ok 👍 I achieved all 8 signs here🙌!!! Keep your informative videos coming👍👍👍, Nicole!

[DetroitNinja]

When I’m paying everything for cash, then I’m doing well. 🎉🎉🎉🎉

[kylewarren]

Love the fact you have a record player, I live a relatively minimal lifestyle too, except for one thing- my 600 LP collection haha. I will always hold onto it!

[isotope]

I don't know where i went wrong. I guess because I've never had a "support system" ?? ..idk.

I'm 50 and FINALLY have a proper place to live after 10 yrs of couch surfing.

But I've worked so hard I've had a few total emotional & mental breakdowns.
Apparently it's called "autistic burnout" --when you can get "depression attacks" and even though i definitely was NOT unn-lifey, one day i suddenly (like a robot & against my will) almost did the deed!! WTF??!! scarey as hell. And i had no close friends to help.

I love your content.
But life has almost killed me.

Decades of survival mode has actually changed me, and NOT in a good way. Humans don't have infinite amounts of strength & energy!

If i died today, nobody will have known who i was. And it was such a waste of a life... working for food & shelter. Wow! Not. lol.

I ALWAYS used to be a very positive and a "can do" person.

I only have about 3 more decades left on earth. I hope i get to know what it feels like to live instead of just survive.

[thomaschew]

This year 2023 is the first year Sue and I have been totally debt free and using a budget app to see where our money is going. Between money we put into our HISA and 401Ks we are saving 50% of our income. We have 10 months of expenses (FU money) in saving in our HISA. 7 years ago we were paycheck to paycheck, now on basically the same income we are saving 50% of our income. All this with the current inflation rates. We have gone from complaining that we need more money to saving 50% that means we are not spending money willy nilly. 5 years of no spend misery---now we keep most of our money.

[westernelfin]

Thanks for the pep talk, especially about telling people you can't afford something. The pressure to validate other people's spending choices can be intense, and a lot of us go along with it to reduce friction. I still constantly have to say no to friends who "just" want to go out for a beer or latte, which becomes beers and appetizers and full on restaurant tabs and quickie trips to a casino. I counter with "come on over, I have beer AND coffee and food and music" which works some of the time. Doesn't work for the people who want to be seen in choice public places or blow a wad gambling but then you know who really values your company.
It also helps to tell them there's something special you're saving up for, because some people just frown on frugality as a default like it's some kind of character defect, like you're just a downer person who is puritanically opposed to having fun. I value fun, but on my own terms, and that means that I have a nice vacation trip to look forward to that I have a realistic prospect of affording because I'm not buying overpriced beer and fried crap all year long. Whew.

[colleenmarin]

Our key family strategy has been to live with family or friends instead of solo, to save money on rent / mortgage. Some of us can even carpool to save on gas